PODCAST EPISODE 264 – Are You Rich?

ByPaul Adams

WHAT WAS COVERED

      • 00:00 – Episode begins, Paul welcomes the show.
      • 01:15 – Article Breakdown: How Do I Know If I Am Rich?
      • 09:00 – The difference between Rich and Financial Independence.
      • 12:30 – Article Continued – Getting Rich
      • 17:00 – Closing thoughts.
      • 22:12 – Episode ends thank you for listening.

[Tweet “According to a Schwab survey, Americans conceptions of being rich is having a net worth of $2.2 million. #YourBusinessYourWealth”]

[Tweet “Only 5 % of Americans have a net worth of over $1 Million. #YourBusinessYourWealth”]

[Tweet “Financial Independence trumps ‘wealth’ every time. #YourBusinessYourWealth”]

[Tweet “Wealth is your ability to fully experience the life that you want to have, its a little different for everyone. #YourBusinessYourWealth”]

LINKS

Video: “When 22.5 Million Is Not Enough”

Podcast Episode #220: Financial Independence at age 52, earning less than $100k

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Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

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This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.

This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details:

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© 2020 Sound Financial Inc. yourbusinessyourwealth.com

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC

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Paul Adams

Author

Paul Adams

CEO & Founder

As CEO and founder of Sound Financial Group Paul leads a team of financial professionals dedicated to helping clients define their financial goals then developing unique, tailored strategies to reach them. Paul tells his clients often that they should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.

Financial Advisor
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